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January 4, 2013
Macy's bid to prevent Martha Stewart Living Omnimedia Inc. from executing a sales agreement with J.C. Penney is set to go to trial Feb. 19. The case won't be tried before a jury and there will be no need to decide damages, Judge Jeffrey K. Oing said yesterday in New York state court in Manhattan. Any potential damages in the dispute "are going to pale in comparison to the injunction," Oing said during a hearing. "That's the real big bucks there — if I stop this deal." Macy's, the second-biggest U.S. department-store chain, claims it has an exclusive right to sell Martha Stewart Living products in certain categories.
January 4, 2013
While Times Square was preparing to drop a ball and Kimye was preparing to drop a bomb on New Year's Eve, Gap was finalizing the details of its acquisition of specialty retailer Intermix. WWD reports that the deal, which fueled some rumors and speculation last month, closed on Dec. 31 to the tune of $130 million. The partnership should aid both brands: Intermix can use Gap's massive reach to grow its own retail and e-tail presence, while Gap can benefit from Intermix's expertise in the contemporary luxury market. But most exciting: Gap also intends to beef up Intermix's website with some innovative-sounding improvements.
January 4, 2013
DDI has been heralding the latest retail store design ideas since 1988 and has become a trusted source for all things retail. When DDI first appeared 20 years ago, the market was right for a magazine that focused on the retail environment. DDI has grown...
January 4, 2013
comScore, a leader in measuring the digital world, today reported the final 2012 holiday season retail e-commerce spending totals. $42.3 billion was spent online during the November-December holiday shopping season, marking a 14 percent increase from 2011. The latter portion of the season saw several days with particularly strong growth, including Free Shipping Day on Monday, Dec. 17 (up 76 percent to $1.013 billion) and Christmas Day (up 36 percent to $288 million), but they couldn't make up for the spending growth shortfall earlier in the month.
January 4, 2013
Luxury bedding company Cuddledown Inc. has been acquired by American Capital Ltd.'s Potpourri Group Inc., a specialty catalog company. Bobby Hipsher fills a comforter with down in 2011 at the Cuddledown Inc. factory on Canco Road in Portland. Terms of the deal were not disclosed. American Capital, a publicly traded private equity firm, said the transaction was completed in December. Officials at Cuddledown, which got its start in Yarmouth, did not immediately return calls seeking comment.
January 4, 2013
Apple's iPad tablet computer is changing the way that many consumers connect to the internet, stay informed and shop. A tablet-friendly website is thus a new imperative for online retailers. One out of every four adults in the U.S. owns a tablet computer like the Apple iPad or similar, according to an August 2012 report from the Pew Internet & American Life Project. What's more, according to Business Insider, "between August 2011 and January 2012 tablet ownership among U.S. adults grew a remarkable 90 percent."
January 4, 2013
The company reported on Friday a net loss of $107,000,... content.isArchiveOnly = false reviewArticle.isArchiveOnly = user.hasArchiveAccess = See all of WWD’s street style coverage Newsletters SIGN UP for WWD and FN newsletters to receive daily...
January 4, 2013
Gourmet Retailer reveals the most-read stories of the year. » Read more: Welcome to the Neighborhood New Leaf Community Market blends natural, gourmet at its seven stores. » Read more: Best Products of 2012 Gourmet Retailer names the best...
January 4, 2013
Bentonville, Ark. -- Wal-Mart Stores Inc. said Friday it has created a new executive position to oversee new store formats in international markets. Lev Khasis, who joined the company in 2011 after working in Russian retail, was named president and CEO...
January 4, 2013
Luxury bedding company Cuddledown Inc. has been acquired by American Capital Ltd.'s Potpourri Group, a specialty catalog company. Terms of the deal weren't disclosed. American Capital, a publicly traded private equity firm, said the transaction was completed in December. The deal marks the second acquisition of a Maine-based company by the Potpourri Group in recent months. In June, it acquired FetchDog, a dog accessories catalog and internet site co-founded by actress Glenn Close and her husband, David Shaw.
